True or False: Mortgage Insurance is available only from private insurance companies.

Mortgage insurance is not limited to being available solely from private insurance companies. While it is true that private mortgage insurance (PMI) is commonly used for conventional loans, there is also mortgage insurance provided by government-sponsored entities, such as the Federal Housing Administration (FHA) and the United States Department of Agriculture (USDA). These government programs offer mortgage insurance options that facilitate home loans for individuals who may not meet the criteria for conventional financing.

It's essential to recognize that different types of mortgage insurance exist to address various situations and borrower needs—some tailored for high-risk borrowers or those with lower down payments. This availability from both governmental programs and private insurers contributes to the overall flexibility and accessibility of obtaining financing for home purchases, making the statement in question false.